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Preface; Contents; Chapter 1: Introduction; PART I: BASIC MODELS IN INFRAMARGINAL ECONOMICS; PART II: THE INSTITUTION OF THE FIRM AND PRICING THROUGH BARGAINING AND CONTRACTING; PART III: INFRAMARGINAL ANALYSIS OF TRADE AND GLOBALIZATION; PART IV: URBANIZATION, POPULATION, AND THE TRADE OFF BETWEEN WORKING AND LEISURE; PART V: HIERARCHICAL STRUCTURE OF DIVISION OF LABOR; PART VI: INFRAMARGINAL ANALYSIS OF ECONOMIC DEVELOPMENT AND GROWTH; PART VII: MACROECONOMIC PHENOMENA AND ENDOGENOUS SIZE OF NETWORK OF DIVISION OF LABOR

Summary:

This research monograph provides systematic and comprehensive materials for applying inframarginal analysis to study a wide range of economic phenomena. The analysis is based on a new overarching framework to resurrect the classical notion of division of labor and specialization, which is an essential source of increasing a nation's wealth. The framework absorbs many classical and neo-classical insights in a general equilibrium analysis and explains many micro- and macro-phenomena. Many areas of the discipline that have been customarily treated as separate branches can now be analyzed systemat.